03-13-2009 10:39 PM
03-14-2009 05:28 AM
03-14-2009 06:39 AM
keep hooters over patelco? nah.
I'm getting rid of patelco because they do not give CLI'S unless you call and ask and it's always a hard. I got EX on ice because it seems that's where i'm getting hit with so many INQ trying for CLI's. I finally got them to give me an increase because I only had 5 INQ on EX in the last year. Now I gotta fax some info over 2 them. not worth it. I don't like that fact that u can open a CD, checking r saving with no problem but when u ask for an CLI all the sudden they want u to fax them this and that.
03-14-2009 07:12 AM
keep hooters over patelco? nah.
I agree. Hooter's is sub prime Patelco is not. They're only asking you for paystubs right? All the credit unions do that.
03-14-2009 07:19 AM
I have been trying to get a HELOC but I kept getting turned down and after getting the rejection letters in the mail the reason on all of them were to many credit card. So I called up a couple of banks hoping I could change there minds but it was a no go. The 2 banks that I talked to said the number of open accounts is 1 of the things that they look at when someone is apping for any loan. I have my home insurance thru Nation Wide so they sent me a letter basically saying I'm preapproved for any loan I wanted. So I went for the HELOC & 1 of their CC's. I got the HELOC but was turned down for the CC. A rep called me and told me I was turned down for the CC because of to many open accounts. I know some won't agree with this but I'm about to close all of my credit cards except 5 and 2 store cards. I currently have 12 CC's and 3 store cards. Chase, Amex, Patelco, Hooters, Cap1, care credit r all getting the axe this weekend. Might keep the Hooters.
You got the HELOC with all those open credit cards right? So why would you close any cards?
03-14-2009 08:34 AM
What is the purpose of closing cards? To qualify for more cards?
If you are weeding out cards i would do it in this order:
1) Any cards that charge a fee
2) Any cards with a credit limit <1000
3) Cards < than 1 year old.
4) Name recoginition- if things equal I would keep a Chase card over a Hooters or Crap1 o r Target
You need to quit applying- shoot for zero inquiries for the rest of the year.
03-14-2009 08:38 AM
This is what they asked for
They don't like u to have a lot of INQ's when u apply for anything but they hit u with a hard everytime u ask for a CLI. Plus I don't want to pay to be in the rewards program.
I'm closing some of my cards that I got when I 1st starting rebuilding my credit. Low limits cards and the 1's with no rewards. 1st it went from using your sock drawer cards every 6 Months to every 3 Months and now once per Month. I think eventually they will start closing accounts with little use and I rather have on my reports that I closed them. I normally only carry small balances so it shouldn't hurt my scores to much right now. I'll close 1 to 2 of them every 2 Months. I think if u start off with bad credit some of these banks still see u as a high risk even though your scores go up and you're with them for years. I just think the less cards I have to deal with the more money I can put towards the reward cards I like and I'm happy with.
03-14-2009 08:45 AM
03-14-2009 12:24 PM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.